The Rts Stock Index, Based On A Share Price Of 50 Of The Most Reputable Companies Of Russia, Fell By More Than 4%.

After the U.S. and the EU strengthened sanctions against Russia for its support for separatists fighting in Ukraine, Russian stocks plummeted.New sanctions aimed at defense firms, large banks and energy companies, such as Rosneft.

The Rts Stock Index, Based On A Share Price Of 50 Of The Most Reputable Companies Of Russia, Fell By More Than 4%.

The RTS stock index, based on a share price of 50 of the most reputable companies of Russia, fell by more than 4%.Dmitry Medvedev, Prime Minister called these sanctions ?evil? and said that Russia may boost defense spending.Increased penalties suffered Rosneft and Novatek energy company and two banks: state Vnesheconombank and Gazprombank.Thursday morning trading Rosneft shares fell more than 5%, the shares of Novatek lost in value by 11%.Moscow Micex stock exchange, down more than 2.6%.BP informed that sanctions limit access to medium and long-term U.S. debt and equity capital markets for the companies being sanctioned.The energy giant has about 20% stake in Rosneft, almost a quarter of its crude oil is from Russia.Thursday morning BP shares fell more than 1.5%For the original version including any supplementary images or video, visit http://www.athletenewswire.com/us-eu-sanctions-russia-russian-shares-fall-sharply-ukraine-sanctions-boost-1711/